Commercial Finance Manager at Ignition Group

• The purpose of the job will be to oversee the financial health and growth of Business to Consumer sector by providing strategic financial insights, managing financial risks, and ensuring that financial operations align with the companys business objectives.

Job Description
Financial Planning and Analysis

• Developing Financial Models: Constructing detailed financial models to predict future financial performance under various scenarios.
• Forecasting: Utilizing historical data, market trends and seasonality to project future revenues, expenses, and profitability.
• Strategic Analysis: Providing insights on potential business ventures and strategic decisions through detailed financial analysis.
• Product Analysis: Provide financial models that can be used to build profitable

Budget and Forecast Management

• Budget Creation: Collaborating with department heads to create realistic and achievable budgets that align with the company’s strategic goals.
• Variance Analysis: Comparing actual financial performance against the budget and investigating significant variances to understand their causes.
• Resource Allocation: Ensuring that financial resources are allocated efficiently to support key business initiatives and operational needs.

Reporting and Compliance

• Financial Statements Preparation: Overseeing the preparation of balance sheets, income statements, and cash flow statements in accordance with accounting standards.
• Regulatory Compliance: Ensuring all financial reporting complies with relevant laws and regulations, such as GAAP or IFRS.
• Internal Reporting: Providing timely and accurate financial reports to internal stakeholders to aid in decision-making.

Performance Monitoring

• KPI Tracking: Identifying and monitoring key performance indicators to measure financial health and operational performance.
• Benchmarking: Comparing the company’s financial performance against industry standards and competitors.
• Performance Reviews: Conducting regular reviews with management to discuss financial performance and implement necessary adjustments.

Risk Management

• Risk Identification: Recognizing financial risks related to market fluctuations, credit, liquidity, and operational inefficiencies.
• Risk Mitigation Strategies: Developing and implementing strategies to manage and mitigate identified risks.

Stakeholder Management and Decision Support

• Providing decision support to senior finance leadership
• Maintaining relationships with stakeholders
• Providing real-time support, financial guidance, and insights into business performance
• Supporting development of business cases and proposing financial solutions to challenges
• Works closely with business units to understand their needs and challenges.
• Develops business cases for new initiatives and assesses commercial feasibility.

Cost Control and Efficiency

• Cost Analysis: Conducting thorough analyses of cost structures to identify areas for cost reduction.
• Process Improvement: Recommending and implementing process improvements to enhance operational efficiency and reduce costs.
• Supplier Negotiations: Negotiating with suppliers and vendors to obtain the best terms and pricing to control procurement costs.

Investment Analysis

• Capital Expenditure (Capex) Evaluation: Assessing the financial viability of potential capital expenditures and projects.
• Return on Investment (ROI) Analysis: Calculating and analyzing the expected return on investment for various projects and initiatives.

Job Requirements

• Degree in Finance, Accounting, Economics, Business Administration
• Chartered Accountant registration with appropriate recognised professional body.
• At least 6 years of professional experience or equivalent with 3-4 years of relevant experience in a well-disciplined organisation where best practices are integral to the management of the business.
• Experience leading a financial planning and analysis (or similar) team with a thorough understanding of financial accounting and management reporting.
• Solid experience leading and managing in a matrix environment.
• Experience in financial, accounting and project management systems, policies and procedures
• Experience in SQL, database analytics, and ERPs.
• Exposure to Telco or Banking environments preferred.

Knowledge, skills and attributes:

• Strong commercial orientation and business acumen.
• Excellent analytical, financial modelling, and problem-solving skills.
• Ability to develop business cases and present financial information to senior stakeholders.
• Solid influence management and stakeholder engagement skills.
• Familiarity with SQL and database management for enhanced data analytics.
• General business analysis and strategic thinking.
• Previous experience in Telecommunications or Banking sectors will be advantageous.
• Excellent knowledge of GAAP, IFRS, and related financial compliance requirements.
• High energy, enthusiasm, and a proactive approach to continuous improvement.
• Ability to work in a dual reporting matrix environment